Liverpool To Slash 50% Of Library Funding

Up to £500,000 will have to be shaved off the budget for the city's libraries every year for the next three years, as well as the £1m decided on previously that will be taken this year.

Factored into how much must be cut is the required repayments for the Central Library refurbishment of around £1m a year for the next 30 years under the Private Finance Initiative (PFI) scheme that paid for it.